Excalibur Management Corp Sells 237 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Excalibur Management Corp lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,454 shares of the investment management company’s stock after selling 237 shares during the quarter. The Goldman Sachs Group makes up approximately 1.0% of Excalibur Management Corp’s investment portfolio, making the stock its 22nd largest position. Excalibur Management Corp’s holdings in The Goldman Sachs Group were worth $2,550,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GS. Fisher Asset Management LLC grew its position in The Goldman Sachs Group by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company’s stock valued at $3,524,669,000 after acquiring an additional 112,696 shares during the last quarter. FMR LLC increased its position in The Goldman Sachs Group by 21.9% in the 3rd quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock valued at $1,435,144,000 after buying an additional 521,054 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in The Goldman Sachs Group by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,936,853 shares of the investment management company’s stock valued at $1,109,081,000 after purchasing an additional 22,794 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in The Goldman Sachs Group by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,707,632 shares of the investment management company’s stock valued at $845,466,000 after acquiring an additional 18,541 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in The Goldman Sachs Group by 3.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,660,088 shares of the investment management company’s stock valued at $898,428,000 after buying an additional 62,246 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In other news, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the sale, the chief accounting officer now owns 6,455 shares in the company, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the sale, the insider now directly owns 3,545 shares in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,925 shares of company stock worth $12,630,683. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on GS. Citigroup decreased their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a report on Monday. Barclays increased their price target on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $605.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday. Oppenheimer cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Finally, HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and a consensus price target of $593.27.

The Goldman Sachs Group Stock Performance

GS opened at $586.16 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 12-month low of $387.12 and a 12-month high of $672.19. The company has a market cap of $182.90 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 0.89 and a beta of 1.37. The company’s 50 day moving average is $611.53 and its 200 day moving average is $570.61.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.48 EPS. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.05%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 29.59%.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.